The collapse of BP’s planned purchase of the $7 billion stake within an Argentinean unit is Leader Bob Dudley’s second unsuccessful multi-big deal this season and it has restored investor concerns about his stated turnaround from the group.
Dudley suggested recently the oil giant could lift its dividend next Feb, saying the audience had arrived at a “levelInch after its Gulf oil spill. However the unsuccessful deal now puts an issue mark over individuals plans. Read more …